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these charging stations up and running. we will deal with that city by city and we will have success. secondly, the utility's charge various fees to set up and provide the electricity. we want to make sure that it is cost recovery and to not be unreasonable. we meet with them if their problem and we react. through the public utilities commission, through local regulation, we react and try to do everything we can to solve problems. if you are talking about deals like if you come to california, we will pay 7000 for any job, we have a little bit of that but it is hard to pay people for their business activities. we do not have enough money. they're doing that all over the state. cutting deals. we are doing that in some respects. it is our race. how does michigan spent so much subsidy attracting -- michigan is not doing that well. you have some money but what about other things to invest in and take care of? we want to make our regulatory climate more transparent. we have a long way to go. we are open and ready to go. there is a lot of people who want to keep the regulation complicated or make it
some in detroit say they deserve for helping reelect their commander-in-chief. the city on the brink of financial collapse and will soon lay off thousands of city workers to pay off bills. the total outstanding debt is more than a billion dollars. that is according to moody's investor services. joann watson, city councilmember, her comments are sparking controversy. she claims the president owes the city another bailout because they voted them into office. >> he went to washington dc and he came back home with some bacon. that is what you do. that is what you do. are people overwhelmingly supported him in the election. not just that, but why not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the labor policy director for the mackinac center for labor policy. tell me what it is you're trying to do with this legislation. >> there are ru
of being latest and biggest city to file for chapter 9 bankruptcy. detroit mayor binge said the city will lay off 400 to 500 workers in the nexx few months. it will take a lot more than that to keep the city from going broke. we're joined by michigan senator rick jones. thanks for joining me, senator, do yoo think if they dot latest layoffs will it satisfy the milestones the city needs in order to get more state aid? >> it is gooddstart and but not enough. we have a city council totally dysfunctional. recently mayor bing asked them to come in, they said we're on holiday. it is unbelievable. melissa: you said they think they deserve a bailout. what makes you think that they feel? >> detroit city councill3 woman came on national tv and said, president obama, we all voted for you. it is time to bring the bacon. bail us out. that's outrage just. that folks think they can just spend money like no tomorrow and expect anybody else to bail them out. my constituents from mid michigan are saying no bailout. they need to fix the city theirselves. melissa: this is something going on all across t
on monday? should taxpayeyeyeyeye [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. ti price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavisn®. can i still ship a gift in time r christmas? yeah, sure you ca great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. i'll send you back to bulls and bears, more headlines just 30 minutes away. >> we showed you the
and it affected recycling center because we're in a city and county. for instance the convenience zone was expanded to a mile in one instance. >> i have maybe a recommendation for the item commissioner dooley, instead of "consideration," but to request that the department of environment have plans in place for -- a plan in place for existing supermarkets around the convenience zone or creating a recycle center or recycling on-site, with a priority of working with those supermarkets that currently have an exempt status and may be losing it. this is separate from for new and remodeled supermarkets, a recommendation is that that discussion and plan will be triggered through the entitlement process. but for existing supermarkets where they are not going to go through the entitlement process, i think, at the committee meeting, as you had noted, there is the interest to start working with those supermarkets to start putting a plan in place. does that make sense? >> yes. actually one of the difficulties with the hank situation, because it's been unfolding over many years and i have b
to the airport. if you are driving down the peninsula to redwood city, it's a nice drive. across the bay, we have slow traffic from 238 on down and in the santa clara valley we've had slow traffic and the 85 already. 7:07. let's go to -- let's go to steve. >>> this is a colder pattern. this may last a while. 7, 10, 15 day -- 15 days. there's a pattern with stronger systems coming in. christmas week could be kind of rainy and snowy as well. i almost had to choke there for a second. i'm okay now. coming down from cape mendocino there could be some snow. we need that because the snow level was way too high. but that's changing. there's not a lot of life with the system. heard from steve bridges up in the keys, 2 inches at lake level. it will be more of a powdery. you can see some scattered showers around, nothing widespread or anything. just kind of -- there was some towards orinda, san rafael, berkeley, emeryville, san mateo, redwood city, heading over towards the hayward side. also along highway 1 towards woodside, skyline, 84. san gregoireia and then towards the santa cruz mountains. there's been
economy is the former new york city mayor rudy giuliani. how are you? >> how are you, sean? good to see you. >> sean: i just like to learn from people that have done successful things, you took how many people off of welfare when you were mayor? >> 600,000. >> what was the deficit when you became mayor? >> $2.3 billion. >> sean: and the debt? >> staggering. >> 600,000 off welfare, and -- >> we did it by my taking a report that asked me to raise taxes and throw in the garbage. the report said you have to raise taxes across the board. said nothing about reducing spending. i said to myself -- i wasn't an economic expert then. i became one after being mayor of new york. i said this doesn't make sense. if i raise taxes now, i have to do it again in two years, then four years, because i'm losing the tax base. people will leave. i'll try something different. i'll try to lower taxes, lower spending. i can't lower taxes too much at the beginning, but just a little bit, lower spending. i lowered taxes -- actually i think sean i lowered taxes than all the mayors combined by about $3 billion. three
the peninsula and: easy drive time. 23 minutes out of the bottle into the city. >> overnight we had a strong earthquake in the northeastern part of japan. it was a 7.3 earthquake and the same area where we had a 9.0 earthquake years ago that killed 2000 people with the following tsunami. this earthquake took place around 518 local time around midnight in san francisco. 2 mi. off the japanese coast and was followed by many aftershocks were 1/6 point to a 5.0 and several romney for mark. here is a video from tokyo as several hundred miles away buildings swayed for several minutes. no reports of major damage. there was a tsunami warning issued and a small tsunami did it. it was three to 4 ft. high. they're watching the after shocks after the 7.3 earthquake on to the japanese coast. >> a man fell from the upper deck of the coliseum last night at the raiders' game. will tran is joining us with the details. good morning well >> good morning darya. it happened shortly after takeoff and he fell from the upper deck to the lower concourse. that is approximately 30 ft.. it is amazing he survived. the a
flooding in marin city. >> it's only expected to get worse.> let's check in now with spencer christian for the latest. >> rain is on the way. it's notwujhj here yet. we're precipitation-free but not far to the north up around eureka, we've got a large mass of moisture and some cases of heavy down pours moving into our direction. we'll start at 7:00 this evening. we'll see clouds thickening and perhaps the first wave of rain will have arrived by that time in the northern most part of sonoma county. you'll notice to about midnight, you'll see rain sweeping through the bay area, this front will keep sweeping through and be trailed by showers, some will be widely scattered showers, some, more organized meaning possibly a wet commute in the morning at 5:00 in the morn. so you can see here, rain is evening event, overnight, we'll see rain tapering off to showers by
months has been put on the fast track. today the city layed out the new time line for the work to fill a massive sink hole that opened up earlier this month. cc myer who is noted for his quick fixes of road work will complete the work. officials say there will be some disruptions. >> meaning noise, meaning disruption in traffic flow. >> the money will come from the state, or from the city's rainy day fund. cc myers they also came to the rescue after the mcarthur mays collapse. a gas tanker truck overturned spilling gas and bursts into flames. the heat weakened the roadway which then collapsed. myers won the contract and he beat his own deadline by over a month. because of that his company earned a $5 million bonus for completing the work early. the five day connector reopened a month before the deadline. >>> traffic was blocked on skyline boulevard in daily city early this morning as rescue crews pulled a man from a car that went right over the hillside. the chp got the call about 4:30 this morning after the car went off the road near olympic way and traffic ended up being blocked for
city. jeanine della vega has more on where it is happening and how police are warning residents, jeanine? >> reporter: this is known as a green leaf neighborhood on 101 and this area has been hit hard by thieves... [ technical difficulties, stand by ] [ technical difficulties, stand by ] . >> all right, we obviously have a technical problem, jeanine della vega is reporting and we have a technical problem and we will have more coming up. >>> a disturbing problem, a group saw an increase in attacks last year. >>> plus a radio steaks is at the center of that royal hoax that ended in a tragedy. >>> everything looks good between walnut creek and oakland, we will tell you more about the bay area commute and the area weather. your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? b
or city? >> that was set in the original law passed in the 1980's? >> do we have any flexibility? >> no, i'm pretu sure that is established in statute, but it could be changed. >> i am thinking that instead of paying $100, we could base on the sales volume of the size of their business. >> right. i think if you started to change it, that the oppositions would be quite broad. for instance the supermarket would pay a different rate than the beverage dealers, based on volume, something like that. >> thank you. >> do you want to take this to committee? >> i would like to read through them and we can go through them rear view relatively quickly and see if any other recommendations that might have. >> the sbc encourages the department of the environment to pursue mobile redemption sisters, mobile redemption centers rotating basis could be a potential solution for the coming up next the city should resalute the geographic distribution of centers with the goal of expending them to parts of city underserve. additionally the geography of san francisco and density should provide policy ration
. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >>> welcome back, everyone. we now know what sentinelson mandela to the hospital. he is being treated for a lung infection. mandela, 94 years old. checked into a hospital over the weekend. is he responding to treatment. >>> former imf chief dominique strauss khan, settled a lawsuit filed by a new york city hotel maid accused him of sexual assault. the terms of at agreement not disclosed. but diallo seeking u
beckel, eric bolling, dana perino and greg gutfeld. it's 5:00 in new york city. this is "the five." ♪ ♪ >> kimberly: another death rocks the n.f.l. a week after the belcher murder-suicide. cowboys' defensive lineman josh brent charge charged with intoxication manslaughter after his passenger and teammate jerry brown was killed in a car crash outside of dallas on saturday. police say brent was speeding when the vehicle hit a curb and flipped. he is out of jail now after posting $500,000 bail. >> do you have anything you want to say to jerry brown's family? >> jerry brown is my dear best friend. i'm just trying to deal with his death right now. >> kimberly: i can only imagine. the fact it comes days after kansas city chief jovan belcher killed his girlfriend and then himself. the new video shows cops confronting him before the shooting. belcher was reportedly out drinking that night and brent's arrest is the 15th player arrested for suspicion of dui. it's a problem. what should the n.f.l. do about it? that's the discussion over the weekend. people have strong opinions about this
-strapped city. the president heading there. >> of course not if you want to look up cronyism, and wikipedia, this is cronyism in live television. it's blatant. if she feels so blatant she can feel it this way, who are the people not on mv saying texts and messages, dear mr. president, if we bring home the bacon you'll bring home the bacon to us? this is an unfortunate example of the realities of this type of political process. >> brenda: well, jonas, didn't michigan, didn't detroit already get a bailout. >> yes, it was called the auto bailout. and before the election, unformer. two administrations that did that. everyone wants a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one because it was a cast catastrophe. >> and if it's beyond your control and-- >> the case is we voted for you, we get a bailout. >> and on the other side, detroit is in a multi-decade collapse that is beyond the scope, it's almost like a hurricane. and i'm not saying it's totally insane for nem to
glk350 for $399 a month at your local mercedes-benz dealer. >> >> driving and eating, hey, the a city in south dakota fine people eating behin the wheel. >>charles, you say it has to go? >> pretty soon we'll be fined for driving while driving. and it's a way to get money, ridiculous. >> neil: this is one town that won't see cavuto passing through soon. thank you. ben, what do you think of it? >> cooking while driving. (laughter) and i thin setting the table while driving. but eating potato chips, pop corner, peanuts? that's illegal? that's insane. >> neil: i was trying to reason this out, dagen, because just seemed like-- you can't use your cell phone in a lot of states now because it's huge distracting. >> and texting. >> so, maybe that's the next step. >> i don't have a problem with this, actually, if they need to raise money-- >> get skinny. >> and you show up and you don't have-- >> and fat people have a problem with it. >> and you don't have potato chip crumbsn your lap, ben, when you arrive to see who you're seeing and don't have a sticky steering wheel, i'm done. >> neil: i'm n
to bankrupt & broken - a look at the rise and fall of circut city. how top techniques used by wealthy americans turn into big deductions on taxes. and, ways companies are tracking smartphones to learn how to advertise to your children. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's tuesday, december 11th.i'm angela miles. in today's headlines... the market is still looking for progress on avoiding the fiscal cliff. president obama and congressmen boehner met at the white house yesterday. stocks inched higher on the news, with the dow and s&p 500 near 5-week highs. selling in apple once again held back the nasdaq. gold was up and oil was down. a two-day fed meeting starts today with the fed most likely talking about stimulating the economy by purchasing more treasury bonds to keep interest rates low. the government is selling its remaining stake in aig... and reports say regulators have a $1.9 billion dollar settlement with hsbc. the bank is accussed of laundering money for drug dealers and terrorist
we have some breaking news in dal city. a car with two people inside goes over a cliff and falls several hundred feet and we're learning that one person now has some serious injuries. >> cbs 5 reporter cate caugiran is on the scene right now at highway 35 and olympic way where there are multiple road closures and we can see crews behind you. >> reporter: one person was taken know a local hospital. chp says they could be suffering moderate to major injuries. the other person suffered some minor injuries and refused treatment and actually i believe is still here on scene. but as for those road closures, we're told that one lane on southbound john daly is completely shut down. chp says it's expected to be closed for the next couple of hours. as you can see, there's video from earlier. fire trucks and chp on scene trying to look at the car that went over the cliff. we heard reports that around 4:30, the car drove over here in this area. now they have called in a tow truck and about 350 feet of cable to try to get that car out. two people were involved in the collision. one person aga
. >>> san francisco board considering legislation to expand no smoking policies in the city. land reports may be forces to tell renters if their new neighbors are smokers. if the measure is approved. building with 50 or fewer units will have until december of next year to designate smoking or nonsmoking. the board will vote next year on measure that bans smoking at street fairs and other outdoor events on city owned property. >>> sonoma and concord debating issues on growing marijuana for medicinal use. the board will consider a plan to limit medical marijuana patients to having six mature plants and eight ounces of dry pot, per year, the same as the state law. sonoma allows 30 plants and three pounds of dried pot in concord hearing to decide whether patients should continue to be allowed to grow marijuana outdoors or move towards banning it city wide. >>> recreational marijuana use is legal in colorado. governor signed the bill into law yesterday even though he does not endorse it. he said he didn't want to block the will of the voters. medical marijuana was already legal in colorado, no
jobs. it's going to work in michigan. >> bill: i have got to ask you about detroit which is a city on the verge of collapse. we think mayor dave bing is a good guy. maybe i'm wrong. i don't follow it that closely. detroit has no money. can't pay its bills. who is going to bail out detroit or is the whole structure going to collapse. >> there is not going to be a bailout of detroit in terms of state resources. as a practical matter what the real issue is is the mayor and the city council need to get on the same page. the mayor has been working hard they haven't been on the same page about resolving issues. they have had months to do it. things haven't gotten done. 30 day review of the finances in detroit lead to other actions taking place after the first of year. >> bill: you have to take them over. look, this has been going on forever. that city is corrupt. it's out of control. can't pay its debts. i don't think the feds are going to come in and rescue it. i mean, maybe they will like new orleans. maybe they will move in federal auditors and run the city. i mean, but you can't keep
the murder/suicide last week involving kansas city chiefs player jovan belcher. >>> and talk about a fish story -- switching gears -- a fisherman in california tells his tale after landing an enormous 459-pound tuna with a rod and reel. it could be a record catch. >> that story coming up. >>> but we're going to start this morning, the life or death mission in afghanistan to snap a american doctor out of the clutches of the taliban. this rescue operation was given the green light because the military really worried that taliban might kill this doctor. abc's mohammad lila is here this morning with new details and it was a risky mission. >> absolutely, dan. as you say, this was a life and death rescue overnight. take a look at this doctor, dr. dilip joseph, seen here in afghanistan, he was working at a remote medical clinic, ran by morning star development, when he and two his afghan colleagues were kidnapped on tuesday. the afghans were quickly released, but the doctor was kept in captivity. but last night, coalition forces made their move, making the decision to go in and rescue dr. joseph
for the year. >> what a great event. i live in phillies and friday nights in the city is filled with people and army thought they had it, but 11 straight. >> clayton: come on, army. let's check in with maria in for rick. >> good morning, everyone, we'll see a big shift in the weather pattern we've seen the last several weeks, very mild across the country and temperatures above average and enjoying basically very mild conditions for late fall and also early december, but a reality check is in store for many of us, out west and across portions of the upper midwest and air from canada is going to dip downward and we're seeing the novell. and current temperatures starting to feel the impact. and 21 right now in denver, 8 degrees in rapid city and 30 over in minneapolis and of course the cool air will continue to expand eastward across the plains and further east as we head into basically next week. and high temperatures only 15 for your high over in rapid city and 32 over in minneapolis and 22 degrees in the city of denver and feeling very cold out here. as i mentioned we have snowfall and a la
to union city. that traffic is going to be a little bit slow now as you head south. let's go to steve. >>> a very good morning. a little breeze. that's an offshore wind. downtown oakland is 59 -- excuse me. downtown oakland is 60. the airport is 59. there's some areas up in mendocino county, lake county. for some it's mild to warm. for others, cold and patchy. >>> today, sunshine -- >> today, sunshine, lane comes in late, late tus -- late late tuesday, early wednesday. it won't be a lot of rain. nothing like we had a week ago. that's for sure. the cold air is on its way. today, cool, clear, patchy fog. cold to warm. sunny, mild to warm, breezy to windy. some of the higher elevations. a nice weekend and gives way to a nice monday and most, i think about half of tuesday. it's a dry pattern until wednesday and maybe even some low snow levels by the way as we get toward wednesday night. fair field, 30s, santa rosa. oakland, 59 at the airport. dipping below 50 at hayward. oakland/berkeley coming 0 the hills, it's a wind. the gulf alaska is coming into the picture it will be coming right a
>> reporter: we're live in daly city where a car went off a 200- foot cliff. we'll tell you whether speed or alcohol played a role in the crash. >>> an early-morning fire in a vacant building in oakland. why this is familiar territory for fire crews. >> reporter: we're live in hayward where a mother and son escape a burning apartment. we'll tell you why it's thought the fire was intentionally set. >>> well, good morning. welcome to "mornings on 2." i'm dave clark. >> good morning. i'm tori campbell. it's dues, december 11th -- it's tuesday, december 11th. >>> a cliff rescue is happening right now and one lane is closed because of the rescue. brian flores has more. brian? >> reporter: emergency crews finished up a few minutes ago. both lanes of highway 35 are reopen. besigned me is the general area where this car went off the cliff here. lights just started showing up here. but still very dark out here, as you can see. emergency crews and the california highway patrol, they were hoping to get the car that drove off the cliff. the car drove off the cliff 100 to 200 feet here. we saw t
they'll be getting a raise. the city's new minimum wage will go up to $10. that's because of a measure that voters passed. they join only a handful of cities that have their own minimum wage. >> fresh dungeness crab is coming to a store near you. fish brokers wanted to drop the price saying high demand had led to low retail prices. they've agreed to $3 a pound. the local market should start receiving crab on friday. >>> still to come, a pair of secret santas surprise shoppers in the bay area. >> an odd choice for a california elementary school. why it now graces the name of a man historians call one of the most dangerous gangsters his time. >> no matter how many bumps in the road and land mines you hit, there's a light at the end of the tunnel. >> an east bay basketball player is breaking down barriers. oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! ac
live at 30 rock in new york city. >>> this morning thousands of people are expected to converge on the michigan state capital in lansing as apartment of a troeshlg union battle that's about to unfold. at issue, the so called "right to work." legislation is being pushed through the republican lawmakers that could come to a final vote as early as today. the law would might illegal to require an employee to pay union dues as a condition of their employment. opponents say the legislation threatens to weaken the influence of labor unions in a state that is home to the auto industry and has a long history of organized labor. during a visit to detroit yesterday where he intendeded to focus on the fiscal clivgs president obama waded head first into the union battle. >> what we shouldn't be doing is trying to take away your right to bargain for better wages. we shouldn't be doing that. you know, these so-called right-to-work laws, that i don't have to do with economics. they have everything do with politics. what they're really talking about is giving you the right to work for less money
and new england as well and in the big town of new york city. too shy ofg. 10 shy in maine . portions of the northern plains. there goes my ride . 50s in dixie land and portions of the gulf coast. i am glad you asked. next map shows you on thursday. almost 60 in kansasy city. temperatures in the cents in texas and gulf coast down through florida. 42 will be the high temperature here in new york city. smeeking of new york city. live on our plasa. we did this last year and they are back again. say hello to reverend rob shank with faith and action. we have a live nativity scene. >> you do. it is the same one that played out in front of the united states can supreme court. we are sending a powerful message to washington d.c. and doing it here in new york. >> steve: what are the thrings. >> how was the reception. >> it was very good. people streamed out of all of the federal buildings and we get idea that supreme court justices get a glimpse of we have stantial rights and that includes faith and freedom of speech and assembly. while this is the real reason for the season, we have to exerci
mercedes-benz dealer. me for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial criis inquiry commission member peter wallace will join me here in just moments. let's take a look at tonight's "moneyline." the dow and s&p managing gins. the nasdaq weighed down by another ba day for apple and its investors. the dow up 81 points. s&p up four, the nasdaq fell leaven. just over 3 billion shares traded on the big board today. the dow up 1%, s&p slightly higher making three straight weeks of wins. the nasdaq down 1% for its first losing week of the past three.
for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> republicans still don't get it. they're still saying they lost the election because they had the wrong tone. they were atoal. okay. now i get it. dig army, one of the coke brother guys. >> we had a lot of candidates, quite frankly, that did dumb things out there. we had at least two candidates that should have won that, frankly, lost because they said some stupid things on the subject that their party's leader should have schooled them to stay away from in the first place. >> saying stupid nings. it's all about the message, not the policiepolicies. and we've heard it before. texas senator elect ted cruz said this quote. you want to
one of the best things that could happen to the state of michigan and maybe the city of detroit. if you are a car company and want to do business there because the unions are too strong and thes have to be so high and all of the jumping through hoops. maybe now you can. maybe the next car company will go do business there and bring jobs there. >> gretchen: remember back during the bailout, the unions got the good end of the deal in the bailout. it was privately held dealerships that got the rough deal. >> eric: stock holders and bond holders. >> steve: if you were holding gm stock it went to zero. >> gretchen: unions won in that deal. >> eric: uah w took billions up front. stock holders you know you might lose everything. when you buy a bond you are first in line and they wiped out the bond holders. >> gretchen: and for the state of indiana teachers infact. >> brian: gm bond holders got roll add out. capitalism rules and president obama changed going forward. >> steve: if you are a union member your union will go to bat for you and they went to bat at chrysler. do you remember w
. in sacramento, abc 7 news. >> well the city of lafayette putting repair from the last storm on fast track tonight. rate now the construction firm cc myers is working to repair mountain view drive. road was undermined by a rapidly running creek during the storm on december 2nd. all the rain we had. company was brought in after the city council declared local emergency when learning that would it take public works crews months to make repair. firm says it will work 24 hours a day to fix the road. they hope to finish the work by christmas which would be a huge thrill to folks living in the area of lafayette. company cc myers has done a lot of emergency repair work for the state over the years. able to beat the deadline. >> let's talk about the weather spencer is here. not a lot of rain but certainly cooling off. >> it is cooling off. we are going to get a little rain and it's pet in some spots but not a drencher but that's got news. kept umbrella handy. live view from the east bay camera in emeryville looking back to the bay bridge and lights coming on now which is good. motorist a
ignite a conversation about gun control, a conversation that new york city mayor michael bloomberg has been pushing for years. he has highlighted in the latest issue of "new york" magazine. let me bring in chris smith, contributing editor for the magazine, who wrote this piece. good to see you. >> thanks for having me. >> you can see on the cover, this whole thing is sort of really about why new yorkers love new york, why we love new york. number 20 was because our mayor isn't afraid of gun control. would it surprise you if the mayor came out today and had something to say about this? >> not at all. because for virtually the entire 12-year run of michael bloomberg as mayor of new york city, this has been an important issue to him, and it's only grown over the years as he's gone to more emergency rooms in the middle of the night, you know, having to break bad news to the families of new york city cops or kids killed in just random or evil shootings. >> new york, as big cities go, is a pretty safe place to be. >> correct. >> he's been incredibly vocal. in fact, he started a super pac. he
. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and much more when it comes to housing. in the money line tonight, investors waiting cautiously to see whether washington can work out a deal to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. trading light. technology stock
look at the state of michigan. it has very high unemployment. the city of detroit is near 19% unemployment. so when you look at those arguments, you look at right-to-work states overall have lower unemployment rates than other states, what do you think about the potentially this being a move for the positive? maybe this is something that opens up the state to more jobs? >> there is no evidence that happens. indeed what has happened productivity has risen in this country. the last decades by 60, 70% but wages have been more or less stagnant. and if workers don't have a voice, they can't better their own condition. you know, we've had a middle class that really in terms of income been stagnant. in 201090% of the income growth went to the top 1%. the top 1% needs to be talking to the 99% and representation gives people a chance to have a voice. and essentially what, it isn't right-to-work. people don't have a join a union. they don't have a pay union dues. if a majority selects a representative, essentially everybody needs to pay the cost of that representative sentation. jenna:
. reinventing michigan, let me just zero in on one city in your state, detroit, 18.9% unemployment which is absolutely deplorable for the people of detroit. what do you intend to do or what can you do? what can the state do to try to help the city? one city council men last night said as a quid pro quo she wants the president to bail them out. what do you plan to do about detroit? >> we are going to continue working with the city. we did a consent agreement with them earlier this year that called for a number of actions to happen because we do need better services for the citizens of detroit. they deserve it. and we need to achieve results. the problem is the mayor and the city council haven't been able to get on the same page. we are going through the process now of saying if they don't get it done, we are going to start a review, hopefully next week, that will go on for 30 days to say if it doesn't get done, there are other actions, including emergency managers that we should be considering for detroit. so i'm clearly encouraging the city and the mayor to get these issues on the table,
by jason whitlock who was in kansas city for a long time now is on the fox sports web site in which he mentioned, i think credit continuably, credibly a gun culture in this country. plays itself in many ways it's about and toward guns that almost always leads to tragedy rather than safety. >> bill: we will get to that in a moment. i want to clear this gun control thing up because that's why got in trouble because some people felt. >> yeah. >> bill: this is a very emotional issue and i'm sure you know that. >> of course it is. >> mr. whitlock is really far out. >> there i'm not agreeing. >> bill: i know. when you associate. >> with whom. >> bill: when you associate yourself with a guy like who is that far out there. >> i was unaware of the remarks he made about the nra and the kkk i'm not sure the time line whether they postdated or predated. obviously i would disagree with them a hundred percent. >> i get it. mild scolding compared to what i have received over the last 72 hours. >> bill: as long as you call a christmas tree a christmas tree you are okay here. >> merry christmas to you
in new york city. i interrupt our program to bring you the following news. cyboergs are among us. new recording that is uncovered the extent to which these artificial entities have taken over our country. right before our eyes, they have been taking over all of our nation's institutions, slowly extending their control over our political, legal, and economic systems with their insatiable appetite for profits and prophets alone. these amoral immortals are decimating the rights of us. they are not criminals but they can live forever. even when they take a death blow, a quick cash infusion can keep them going. you may not notice them yet. soon, they will amass every single asset capable of generating hefty returns. these undead are recreating our civic and political culture in service of politics and policies that serves their voracious desire for capital. >> how do these automatoniic corps corps corpses disguise their altered state. they have taken the place of average companies. >> corporations are people. it goes to people. >> taking human form and speaking in plain english, these corp
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